Latin America & Caribbean
Argentina Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
219.9%
As of 2024
YoY Change
+64.7%
2023 → 2024
Record High
219.9%
Recorded in 2024
Record Low
34.3%
Recorded in 2018
10-Year Average
86.3%
2018–2024
Data Range
2018–2024
7 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
Analysis
Argentina's inflation rate of 219.88% in 2024 is one of the highest in the world, driven by a combination of monetary and fiscal factors. The country has struggled with high inflation for many years, with prices increasing rapidly due to a large fiscal deficit and expansionary monetary policies. This has led to a decrease in the purchasing power of the local currency, the Argentine peso.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 219.9% | 86.4% | +64.7% |
| 2023 | 133.5% | 61.1% | +84.3% |
| 2022 | 72.4% | 24.0% | +49.6% |
| 2021 | 48.4% | 6.4% | +15.2% |
| 2020 | 42.0% | 11.5% | -21.5% |
| 2019 | 53.5% | 19.3% | +56.2% |
| 2018 | 34.3% | — | — |
Source: World Bank Open Data · 2018–2024
Neighbouring Countries Ranking
Latin America & Caribbean · Inflation
Similar Rankings
Global · Inflation
